[gsis_admins] FW: GSIS

  • From: "Jesse Peavy" <jpeavy@xxxxxxxxxxxxxxxxxx>
  • To: <gsis_admins@xxxxxxxxxxxxx>
  • Date: Tue, 30 Jun 2015 11:05:31 -0400

Greetings,



Please read the email below from Dan. Basically, the Directors & Officers
(D&O) policy would cover liability issues when we hold our meetings and then we
will get a separate conference (event) policy nearer to our conference in
February.


Dan is recommending the 3-year option for the D&O policy at an annual rate of
$744.



Thoughts…Questions???

Jesse



From: Dan Pavlin, CPCU, ARM [mailto:DPavlin@xxxxxxxxx]
Sent: Monday, June 29, 2015 4:58 PM
To: Jesse Peavy
Subject: GSIS








Jesse,



Please see the attached D&O proposal. I would choose the Standard Form option
at $1,000,000 and lock it in for three years (paid annually). This would
fulfill your primary need, Directors and Officers Coverage, and we can place a
separate event policy closer to the date of your event when you need General
Liability.



The current policy will cost over $2,000 and you will need a $2,000,000
umbrella to make the International Trade Center happy at a cost of another
$2,000. This no longer seems to be the most effective option. I believe we can
place coverage for much less through other means.



So your current policy can be cancelled, cutting your immediate cost by $1400
and your future cost can be renegotiated to meet the need specifically of the
special event. To give you an example, many carriers have a $500 per million
minimum premium. This could mean a $1,000 savings alone compared with the
current provider.



The policy attached includes full prior acts coverage, third party harassment,
defense for non-monetary claims and a number of other extensions.





Dan Pavlin, CPCU, ARM


Vice President - Commercial Lines


Bernard Williams & Company, LLC


6001 Chatham Center Drive | Suite 100 | Savannah | Georgia | 31405


Office: 912-234-4476 x3057 | 866-433-4476 | Fax: 912-232-8490


www.thepoweroftheshield.com <http://www.poweroftheshield.com>














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